19 May 2017
Paris
Reporter: Theo Andrew

Hammerson appoints COO to strengthen outlets team


Hammerson has promoted Maxime Depreux to become its first COO of premium outlets for its European portfolio.

The newly created role will be responsible for overseeing its Value Retail and VIA fund.

Depreux joined Hammerson as an asset manager in 2009, moving to the outlet team as investment director in 2014, following the creation of the VIA fund.

According to Hammerson, the move highlights the firm’s commitment to the outlet market, a high-growth sub-sector of the retail market.

Throughout 2016, Hammerson increased its stake in Value Retail to more than 40 percent of net assets, while the VIA Fund acquired five new assets, achieving a gross asset value (GVA) of €1.2 billion.

Together, the combined Value Retail and VIA fund portfolio has a GVA of over €6 billion across 19 centres, the largest in Europe.

Timon Drakesmith, chief financial officer for premium outlets at Hammerson, said: “Now is the right time to bolster our management resources and I am delighted that Maxime Depreux will be taking on the newly created role of chief operating officer, premium outlets.”

“Maxime has been a central part of the outlets portfolio for a number of years and will work closely with the Value Retail and VIA Outlets teams to continue to enhance the portfolio and drive further growth.”

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